The company made the announcement earlier this month that it is acquiring shares of Roland DG Corporation.
Brother Industries intends to buy shares at ¥5200 each ($34.54/ €31.86), aiming to start the offer in mid-May 2024, subject to certain conditions. The price offered is higher than a previous offer for Roland DG Corporation shares by another entity, XYZ K.K., in a management buyout, indicating a competitive bid to acquire Roland DG.
Brother Industries seeks to make Roland DG a wholly owned subsidiary, proposing a tender offer period of 30 business days to allow adequate time for shareholder decision-making. Brother is intending to maintain Roland DG’s current management and employment conditions while exploring synergies to enhance corporate value.
This move is part of a strategy to enhance Brother Industries’ business portfolio, particularly in the industrial printer market, and to capitalise on synergies between the two companies.
The tender offer is contingent on various conditions, including regulatory approvals and no material adverse changes in Roland DG’s financial condition.
